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Mayfield India Fund and SIDBI Venture today announced a new investment in Fourcee Infrastructure Equipment Pvt. Ltd. (Fourcee). Under the terms of the investment, Mayfield India Fund and SIDBI Venture will invest Rs.50 crore in Fourcee to expand their tank terminals, add more uniquely designed containers and grow their infrastructure.

This new investment reflects Mayfield India Fund's investment theme of adding value to growth stage companies in the consumer and infrastructure segment. The alliance comes at a time when the industry has shown consistent growth, even in these challenging economic times. Currently, Fourcee is the only company focused on providing end to end logistics solution for liquid cargo through road and railways using its own specialized designed containers. Mayfield India's and SIDBI Venture's investment provides an exciting opportunity for Fourcee to expand its footprint and offer unique logistic solutions in India.

"The logistics industry in India is going through a structural change and Fourcee struck us as a company that is bringing about a transformational change in the way liquid cargo is being transported across the country," said Vikram Godse, Managing Director, MF Advisors. He further added, "We are glad to be partners with a management team that is innovative and highly motivated in building a multi-modal logistics company."

"Our new partnership with SIDBI Venture and MF Advisors directly supports Fourcee's longstanding singular focus on strategically expanding our nationwide footprint and growing our infrastructure," said Rajesh Lihala, CEO of Fourcee. He added, "Both the partners have a proven track record as a long-term growth partners, and share our commitment to offering our customers the finest logistic solutions the industry has to offer."

Vipul Mankad, President, SIDBI Venture said, "Fourcee has evolved an innovative business model with strong value proposition to its customers. It offers cost effective and efficient transportation solution. It is uniquely positioned to address needs of fast growing logistic industry and has first mover advantage."

MF Advisors Managing Director Vikram Godse would be joining Fourcee's board of directors.

Source: IndiaPRWire

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power balance
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